Food Financial News

NEW DELHI : The divergence in gross domestic product (GDP) and gross value added (GVA) data for the third quarter of FY24 could be attributed to reduced fertilizer subsidy disbursements, said a senior government official. India's GDP spiked to a six-quarter high of 8.4% in Q3 FY24, surpassing estimates, while GVA growth stood at 6.5% during the same period, according to data from the statistics ministry.

cafe in Bengaluru has hit the headlines for a rather unsavoury reason. Rameshwaram Cafe, one of the most celebrated eateries in Bengaluru, witnessed a devastating bomb blast on Friday. Although no casualties were reported, around 9 people were injured. Videos of the blast have gone viral on social media. Following the tragedy, Karnataka Chief Minister Siddaramaiah claimed that the blast was a planned incident. A CCTV footage showed an unidentified man placing an improvised explosive device at the eatery. The incident was earlier speculated to be an outcome of a cylinder blast. However, in an interaction with the media, Divya Raghavendra Rao, the Founder & Managing Director of the restaurant firmly dismissed the idea. “This is not a cylinder explosion. All our cylinders are safe inside the kitchen and no lapses have been identified. One customer and three of our staff have been injured and we are taking care of their expenses.” She added, “We have given access to all our CCTV cameras to the police. The bomb squad is also in the restaurant to identify the cause. We are cooperating with the law enforcement agencies,” he told the journalists.

The World Trade Organization made some progress overnight toward agreements on measures to broaden global trade, with a final deal on agriculture subsidies, overfishing and tariff-free e-commerce hinging on major economies’ willingness to make last-minute concessions, people familiar with the talks said.

(Reuters) -Grain trader Archer-Daniels-Midland said on Friday it was expecting to report material weakness in the internal control over financial reporting in its annual report, which it aims to file by March 15.

Follow Bengaluru Rameshwaram Cafe Blast Live Updates here While speaking with reporters in Mysuru, Siddaramaiah said somebody kept a bag at the cafe which exploded injuring some people. "CCTV footage from the cafe is being examined. It has come to be known that someone had left a bag at the cafe.

Archer-Daniels-Midland (ADM) said on Friday it expects to disclose a material weakness in its financial reporting controls within its annual report, which it seeks to file by March 15.

FOX Business’ Kelly O’Grady provides analysis of the U.S.’s inflation data as the Federal Reserve continues to grapple with a smooth economic recovery.

Follow Bengaluru Rameshwaram Cafe Blast Live Updates here At least five people were injured in a fire that was caused by a suspected cylinder explosion at the eatery on Friday, police said. While there was no immediate word on the exact number of injured persons, police said at least five people have been shifted to the hospital. The explosion at Rameshwaram Cafe at Kundanahalli led to a blaze.

Inflation just keeps dropping in Europe

Colombia’s President Gustavo Petro says his government is suspending purchases of weapons from Israel after Palestinians say Israeli troops fired at people seeking food in Gaza

Stocks that traded heavily or had substantial price changes on Friday: Pure Storage, Hormel Foods rise; WW International, First Advantage fall

California Gov. Gavin Newsom is denying a news report that he pushed for an exception to the state's fast food minimum wage law that benefits a donor

Wakeel Hassan, a rat-hole miner who was part of the Silkyara tunnel rescue operation, sitting on a footpath where he and his family spent their second night after losing their house in a demolition drive. «My family and I continue to spend the night in the open. Some locals are providing us with food and water, etc.,» Hassan said on Friday, a day after he refused an offer by the Delhi Development Authority (DDA) to move him and his family to an EWS flat in Narela. «We have now accepted the night as a challenge,» he said, adding the family has not received any help from the government so far. Hassan was part of a team of miners who rescued 41 workers trapped inside Uttarkashi's Silkyara tunnel by manually drilling through the debris in November last year.

Did you hear? Google has been accused of a secret vendetta against Caucasians. Elon Musk exchanged tweets about this conspiracy on X more than 150 times this week, all on portraits generated with Google’s new AI chatbot Gemini. Like Ben Shapiro, Musk reacted to its image diversity: Female popes! African-looking Nazis! Indigenous founding fathers! Google apologized and paused the feature.

By Lucia Mutikani

Health Minister Mark Holland has tabled the legislation to create the framework for a national single-payer pharmacare program Thursday afternoon.

FSSAI on Thursday said it has awarded 'Eat Right Station' certification to 150 railway stations so far for ensuring safe, hygienic and nutritious food options for passengers. In a statement, the health ministry said, «The Food Safety and Standards Authority of India (FSSAI)'s Eat Right Station initiative is making significant strides in ensuring access to safe and healthy food within these bustling hubs.» Till date, 150 railway stations across the country have been certified as 'Eat Right Stations', ensuring safe, hygienic, and nutritious food options for millions of passengers. The 'Eat Right Station' certification process involves rigorous audits of food vendors, training of food handlers, adherence to strict hygiene and sanitation protocols and efforts to raise awareness among individuals to make informed food choices.

NEW DELHI : Indians spent liberally on dining at hotels and restaurants and on alcohol in 2022-23 while going easy on clothing, food and non-alcoholic beverages, clearly marking out their preferences emerging from two years of pandemic lockdowns. Growth in private final consumption expenditure on food and non-alcoholic beverages slowed to 6.2% in FY23 from 6.6% in the year before, show the government’s PFCE data released on Thursday. Private final consumption expenditure is defined as the expenditure incurred by households on final consumption of goods and services, and is reflective of the broader household demand in the country.

The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate

The giant meat producer JBS was accused of making misleading claims about its greenhouse gas emission goals to boost sales among environmentally conscious consumers in a lawsuit filed by New York Attorney General Letitia James

Best Buy reported lower fourth-quarter sales and net income as shoppers remain cautious about spending on gadgets